Indonesian Political, Business & Finance News

Archive: 21 July 2000

56 articles found

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Jul. 20, 2000: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 535 0 0 Adindo Foresta Indonesia 310 0 1,329,500 Alakasa Industrindo 900 0 0 Alfa Retailindo...

Groups question selection process of justices

Groups question selection process of justices JAKARTA (JP): Two watchdog organizations criticized the House of Representatives on Thursday for its selection process in shortlisting candidates to fill 20 seats on the Supreme Court.

Askes asks govt for Rp 435b in subsidies

Askes asks govt for Rp 435b in subsidies JAKARTA (JP): State-owned health insurance company PT Askes is asking the government to fork out some Rp 36 billion a month or Rp 435 billion a year in subsidies for the company's health services.

Wukirasih reaches quarterfinals, while other home players flop

Wukirasih reaches quarterfinals, while other home players flop JAKARTA (JP): Wukirasih Sawondari saved Indonesia's blushes on Thursday at the Extra Joss Women's Circuit-4 tennis tournament by reaching the quarterfinals, the only home player to do so.

FSPC to submit new reform program by July 30: Kwik

FSPC to submit new reform program by July 30: Kwik JAKARTA (JP): Coordinating Minister for the Economy, Finance and Industry Kwik Kian Gie said on Thursday that the government was drafting its third reform program, to be submitted to the International Monetary Fund (IMF) on July 30.

A hostage comes home from RP, but at what price?

A hostage comes home from RP, but at what price?By Andreas Baenziger SINGAPORE (DPA): Philippine President Joseph Estrada wants the hostage drama on Jolo solved by July 24, when he is due to travel to the United States, the former colonial masters of the islands and today the Philippines' most...

Squabbles stall hostage release in Philippines

Squabbles stall hostage release in Philippines JOLO, Philippines (Reuters): Rebels freed on Thursday a Filipino boy held captive for about two months in the southern Philippines but squabbling among government emissaries threatened to derail other promised releases.

Minivan drivers go on strike

Minivan drivers go on strike KUPANG, East Nusa Tenggara: Thousands of students and workers were stranded when minivan drivers went on strike here on Thursday.Antara reported the drivers were protesting the local government's decision to allow some 10 buses owned by a private company to operate in...

Gus Dur's response rocks the House

Gus Dur's response rocks the House JAKARTA (JP): President Abdurrahman "Gus Dur" Wahid angered many House members on Thursday when he failed to answer their questions about his decision to fire two Cabinet ministers in April.

KPC workers continue blockade despite pact

KPC workers continue blockade despite pact JAKARTA (JP): Striking workers at coal mining company PT Kaltim Prima Coal are continuing their blockade of the mine in Sanggata regency, East Kalimantan, despite an earlier agreement to end the strike, a company executive said on Thursday.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition Seni Lukis Indonesia Satu Abad, The Century of the Indonesian Fine Arts, at One Fine Arts Gallery, Jl. Panjang 46, West Jakarta, until Aug. 8. * Painting Exhibition Rampogan by Sri Warso Wahono, at Galeri Cipta II, Ismail Marzuki Cultural...

ASEAN likely to keep some tariffs

ASEAN likely to keep some tariffs BANGKOK (Dow Jones): Association of South East Asian Nation (ASEAN) senior officials have agreed in principal to allow member countries maintain import tariffs on some key industries, a senior Thai commerce ministry official said Thursday.

Rupiah continues bullish performance

Rupiah continues bullish performance JAKARTA (JP): The rupiah maintained its bullish performance for a third consecutive day on Thursday although some feared that political pressure against President Abdurrahman Wahid would intensify in the coming days following his refusal to answer the request...

Don't blow it Gus!

Don't blow it Gus! President Abdurrahman Wahid squandered a rare chance to come clean before the nation on Thursday, which would have restored some credibility to his besieged office. As laudable was his decision to appear before the House of Representatives to answer an interpellation motion, his...

Japan automakers promise to aid its local partners

Japan automakers promise to aid its local partners JAKARTA (JP): Japanese giant automakers grouped in the Japan Automobile Manufacturers Association (JAMA) promised on Thursday to help their Indonesian partners in gearing up to face the stiffer competition expected to result from the full...

Medan airport closed due to thick haze

Medan airport closed due to thick haze MEDAN, North Sumatra (JP): Polonia International Airport here was closed till about noon on Thursday due to thick haze enveloping the area from the raging forest fires.The head of Meteorology and Geophysics Agency (BMG) Station at the airport, R.

Golkar gears up to be opposition party

Golkar gears up to be opposition party JAKARTA (JP): The Golkar party said here on Thursday that it would be ready to be an opposition party and hinted that there would be a shakeup of its central aboard ahead of the 2004 general election.

Resettlement of Ambon population

Resettlement of Ambon populationFrom Media IndonesiaGeographically located on a small island, the city of Ambon is different from other provincial capitals because, generally, they are located on big islands and have direct land communication.

Indonesian Olympic team secures fund

Indonesian Olympic team secures fund BANDUNG (JP): Chairman of the National Sports Council (KONI) Wismoyo Arismunadar retracted on Thursday his concern over fund scarcity which has plagued Indonesia's preparations for the Olympic Games in September.

Various guns on display at police technology expo

Various guns on display at police technology expo JAKARTA (JP): Potential buyers can pick and own the handguns of their choice during the four-day exhibition on police technology at the Jakarta Convention Center (JCC) in Central Jakarta.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on July 20, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,385.00 9,385.00 8,841.00 8,929.00Australian dollar 1 4,836.47 5,417.96 5,099.49 5,154.71Austrian schilling 1 563.29 630.81 593.93 600.

INRO postpones council meeting

INRO postpones council meeting KUALA LUMPUR (Reuters): The International Natural Rubber Organization (INRO) said on Thursday it has postponed a meeting of its governing council to Oct. 9 after the group could not decide on the sale of its rubber stocks.

Cambodian king to sue HK paper

Cambodian king to sue HK paper PHNOM PENH (AP): King Norodom Sihanouk plans to take court action against a Hong Kong newspaper and one of its reporters who wrote that a possible successor to the Cambodian throne was not his own son.

City residents warned of more bomb blasts

City residents warned of more bomb blasts BIDADARI ISLAND (JP): Jakarta Military commander Maj. Gen. Ryamizard Ryacudu warned city residents on Thursday that there may be more bomb blasts in the capital in the future.

Police make arrests in counterfeit case

Police make arrests in counterfeit case SEMARANG: Twenty suspects were arrested by the Surakarta Police over the past week on suspicion of producing and distributing about Rp 700 million in counterfeit money, Central Java Police spokesman Supt. M. Ramlie said on Thursday.

RP troops contract malaria in E. Timor

RP troops contract malaria in E. Timor MANILA (AFP): At least 25 Philippine soldiers who served with the UN peacekeeping force in East Timor returned home last month infected with a new strain of malaria, military officials said on Tuesday.

PKT to challenge PSM in final

PKT to challenge PSM in final JAKARTA (JP): Pupuk Kaltim (PKT) of Bontang and PSM Makassar won their hard-fought semifinals of the Bank Mandiri Indonesian soccer league championship on Thursday, setting up a final between eastern conference teams.

Police confiscate stolen palm oil

Police confiscate stolen palm oil PALEMBANG, South Sumatra: Police confiscated on Tuesday three trucks carrying some 66 drums of stolen crude palm oil in Mulyaguna village, Ogan Komering Ilir regency.Police officer Asst. Supt.

Analysts criticize Gus Dur's stance on interpellation

Analysts criticize Gus Dur's stance on interpellation JAKARTA (JP): Political observers slammed President Abdurrahman Wahid's performance at Thursday's interpellation at the House of Representatives, saying he missed a golden opportunity to boost his public image and reconcile his political...

City intensifies policing operation

City intensifies policing operation JAKARTA (JP): From a distance, a couple of tourists thought something interesting was going on at the National Monument.They asked the driver of their bajaj (three-wheel motorized vehicle) to stop so they could have a look.

Top seeds bow out to Malaysians in Indonesia Open

Top seeds bow out to Malaysians in Indonesia Open JAKARTA (JP): Malaysia produced the biggest upset in the US$150,000 Sanyo Indonesia Open at the Senayan Tennis Indoor Stadium on Thursday, eliminating three top seeded players in the men's singles.

Roslin only wants to give his best

Roslin only wants to give his best JAKARTA (JP): When on the top form, Malaysia's Roslin Hashim, who is known for his ups and downs, is unstoppable.He stole not only the attention of some 1,000 spectators at the modified Senayan Tennis Indoor Stadium, but the chances of top seed and current world...

Two killed in misunderstanding

Two killed in misunderstanding BOGOR (JP): Residents of Rangga Mekar subdistrict in Bogor Selatan district mobbed two men to death after a passerby screamed "thief" when he saw one victim chasing the other.The victims were identified as Abi Bayu and Ade Koswara.

Search for 'Cahaya Bahari' ends

Search for 'Cahaya Bahari' ends JAKARTA (JP): After a three-week search, the National Search and Rescue Agency on Thursday halted their efforts to locate the 550 passengers from the Cahaya Bahari, which sank on June 29 in the Siau waters near North Sulawesi's Sangihe Talaud regency.

Police take six students in anti-Golkar protest

Police take six students in anti-Golkar protest JAKARTA (JP): At least six university students, including a female, were arrested by police shortly after they began to disburse from an anti-Golkar Party rally near the Jakarta Convention Center (JCC) in Central Jakarta.

Sutiyoso's accountability speech rejected

Sutiyoso's accountability speech rejected JAKARTA (JP): The Jakarta Regional Council voted on Thursday to reject the yearly accountability speech of Governor Sutiyoso for his failure to provide detailed explanations to the councillors' questions.

Oil price windfall might save state revenue targets

Oil price windfall might save state revenue targets JAKARTA (JP): The government is unlikely to face difficulties in achieving revenue targets in the current April-December state budget if the bullish outlook in the world's oil prices continues in the second semester of this year.

What lies behind mob violence

What lies behind mob violenceBy Solita Sarwono WASENAAR, The Netherlands (JP): In the late 1960s following the attempted coup in Indonesia, nobody wanted to be accused of being a member of the Indonesian Communist Party (PKI), as such allegations would mean death.

Elites reveal cases for self-interest

Elites reveal cases for self-interest JAKARTA (JP): The recent disclosures of financial improprieties involving government officials were motivated by self-interest for the purpose of undermining political opponents rather than a search for justice, an executive of a non- governmental organization...

Doyok nabbed with 'shabu-shabu'

Doyok nabbed with 'shabu-shabu' JAKARTA (JP): Police detectives arrested noted comedian Doyok Sudharmaji at his house in the plush Lippo Karawaci estate in Tangerang with the possession of 0.5 grams of shabu-shabu (crystal methamphetamine) on Thursday afternoon.

Polynesian ancestors may have migrated through RI: Research

Polynesian ancestors may have migrated through RI: ResearchBy Randolph E. Schmid WASHINGTON (AP): The native peoples of the scattered Polynesian islands in the vast eastern Pacific may have migrated there via Southeast Asia and Indonesia, a new study indicates.

Fire guts vocational school

Fire guts vocational school JAKARTA (JP): A fire early on Thursday morning gutted part of SMK Tri Dharma vocational school in Kebon Pedes subdistrict, Tanah Sereal.Thursday daytime activities at the school, however, took place as usual.Night watchman Trisno said the fire started at around 4:45 a.m.

Millions spent for Sepang F1 circuit

Millions spent for Sepang F1 circuit KUALA LUMPUR (AFP): Managers of Malaysia's Sepang Formula One circuit said Thursday they have spent 30 million ringgit (US$7.9 million) upgrading seating and other spectator comforts before this year's race.

40 houses damaged in Banyumas brawl

40 houses damaged in Banyumas brawl PURWOKERTO, Central Java: An overnight brawl between residents of the neighboring villages of Karangkemiri and Adisara in Banyumas left 40 houses damaged and at least one man injured, police said.According to Banyumas Police chief Supt.

APEC members urged to reform economic laws

APEC members urged to reform economic laws JAKARTA (JP): Members of the Asia Pacific Economic Cooperation (APEC) forum must restructure their economic laws and institutions in light of the Asian financial crisis, a top Japanese business leader said on Thursday.

Kodam to stay out of politics: Ryamizard

Kodam to stay out of politics: Ryamizard BIDADARI ISLAND (JP): Since the capital's security has been delegated to the city police, the Jakarta Military Command will focus on developing into a professional unit, Jakarta Military Commander Maj. Gen. Ryamizard Ryacudu said on Thursday.

KL revives developer fund

KL revives developer fund KUALA LUMPUR (AFP): Malaysia has revived a fund to help developers who ran out of cash before completing housing projects, Housing Minister Ong Ka Ting said Thursday.He told a conference that 157 private housing projects were abandoned as of the end of last year.

PTUN drops Parni Hadi's lawsuit against Gus Dur

PTUN drops Parni Hadi's lawsuit against Gus Dur JAKARTA (JP): The Jakarta State Administrative Court (PTUN) dismissed on Thursday the lawsuit filed by former general manager of state-owned Antara news agency, Parni Hadi, against President Abdurrahman Wahid over a controversial leadership reshuffle...

Cooperative head nabbed over scam

Cooperative head nabbed over scam BOGOR (JP): The head of Ciseeng village cooperative has been detained for the past two weeks at Cibinong Prosecutor's Office for allegedly embezzling Rp 1 billion, an official said on Tuesday.Head of the intelligence department of the prosecutor's office S.

President strikes back

President strikes back JAKARTA (JP): President Abdurrahman Wahid struck back at the House of Representatives (DPR) on Thursday, accusing it of betraying the 1945 Constitution and refusing to answer questions on his reasons for firing two economic ministers in April.

China aids fight against drug trade

China aids fight against drug trade BANGKOK (Reuters): China has encouraged Myanmar's ethnic groups to grow sugarcane instead of narcotic drugs, visiting Chinese Vice President Hu Jintao told Thailand's prime minister, a Thai official said on Thursday.

Yudovin enters Hall of Fame after strait swim

Yudovin enters Hall of Fame after strait swimBy Mehru Jaffer JAKARTA (JP): David Yudovin, 48, does little these days except strum on the guitar. He may sound like a good for nothing but he deserves this break.

Govt approves Garuda debt-restructuring plan

Govt approves Garuda debt-restructuring plan JAKARTA (JP): The Financial Sector Policy Committee (FSPC) approved on Thursday the proposed restructuring of some US$1.2 billion debt owed by national flag carrier Garuda Indonesia to various domestic and international creditors.

Taking note of prices at Carrefour

Taking note of prices at CarrefourFrom KompasAt 2.30 p.m. on May 25 I went to Carrefour at Ratu Plaza Jakarta with a friend to purchase electronic goods for our office. When I was in the television section, I took note of the prices of the television sets that I was interested in buying.

Government agrees to pay compensation to Rudy

Government agrees to pay compensation to Rudy JAKARTA (JP): The Financial Sector Policy Committee (FSPC) approved on Thursday the Indonesian Bank Restructuring Agency's (IBRA) plans to recapitalize the publicly listed Bank Bali and to provide some Rp 9 billion (US$1 million) in compensation to the...

UN urges RI to stop violence in Malukus

UN urges RI to stop violence in Malukus UNITED NATIONS (AFP): United Nations Secretary General Kofi Annan on Wednesday urged Indonesian President Abdurrahman Wahid to take action to stop religious unrest in the Maluku islands.